Word: auto
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Dates: during 1950-1959
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Pessimistic View. The quick agreements in the auto industry were measures of the automen's good profits and confidence in the future. A month ago Reuther wrote the top automakers complaining that auto output was too high and should be eased to avoid "mass layoffs" in the second half of the year. But last week G.M.'s President Harlow Curtice answered Reuther with an optimistic letter: "I do not share [your] pessimistic view .. . We expect that employment in our various plants will continue at approximately current levels throughout the . . . year...
...first effects of Reuther's new auto agreements were felt by International Harvester's President John L. McCaffrey, whose employees still have their wages tied to the old cost-of-living index. McCaffrey had the misfortune to announce a 2?-an-hour cost-of-living cut for his 75,000 employees just after the autoworkers got their raise. The Farm Equipment-United Electrical union warned that when it starts discussing contract changes with Harvester next fortnight, "we will definitely be talking about the automotive pattern." Answered McCaffrey, whose company has been hit by slipping farm income...
Tough Talking. The auto settlement fell even more heavily on Pittsburgh, where the C.I.O. steelworkers are bucking for a wage boost. Said Republic Steel's President Charles M. White: "Where we might have talked [the union] out of something, [they] might now be a little harder to talk to." White was right. Reuther's old political opponent, Steelworker President Dave MacDonald, was sure to push for a wage boost to equal the autoworkers' gains. In terms of cents per hour, union officials figured the pensions and benefits equaled about a dime-though many steelmen were now balking...
...agreed to do so on the union's plea that long-term contracts must be "living documents'' subject to revision in the light of changing economic conditions. Said G.M. President Harlow Curtice, who wants to keep the comparatively strike-free status G.M. enjoys in the auto industry: "[The agreement was] a practical solution to problems created by the Korean war with its resulting inflationary impact...
...Auto exports last year totaled 137,000 units, up 17,000 from...